All Provic members operate in accordance with a Trust Deed and issue a Prospectus annually. The Trust Deeds provides us with the framework which determines our capacity to lend on mortgages over interests in land and also prescribe capital and liquidity ratios.
Provic self regulates its members under a code of conduct which in some cases is more stringent than the Trust Deeds. Members are required to report quarterly to ASIC, the Trustees and the Provic Regulatory Committee.
The designated Trustees covering Provic members are;
- Melbourne Securities Corporation Ltd.
- The Trust Company (Australia) Ltd ( Westlawn Finance Limited and Rivwest Finance Limited)